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In 2013, the total world sales of building energy management systems (BEMS) will be $16.7 billion at an installed value, growing to $23.14 billion by 2017, according to a new report from Memoori. This represents a compound annual growth rate of approximately 8.4% over the five-year period.

The report says energy savings remains the key driver for the BEMS market, and global attention is on the efficient use of energy resources and reduction in CO2 emissions. With buildings accounting for around 40% of primary energy usage, the report says savings here can make a significant impact.

According to the report, Honeywell, Johnson Controls, Schneider Electric, Siemens and UTC dominate the products business in most countries across the developed world. Memoori estimates the companies take as much as 70% of the world’s product business and have held this position for 15 years through an active acquisition strategy.




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